Last year, Music Corp. reported sales revenue of $997,000, other revenues and gains of $101,600, operating expenses of $174,200, cost of goods sold of $385,000, and other expenses and losses of $33,100. The firm also declared preferred stock dividends of $20,000. If Music’s tax rate was 29% and the firm had 75,000 weighted-average common shares, then the firm’s EPS was
A) $4.60
B) $4.53
C) $2.77
D) $2.63